Ripple (XRP) price has had a sluggish start to the year, but this has
not deterred the coin from putting up a brave front under the continual bearish
sentiment in the crypto market since January 2020. The past one week shows the
price of XRP coin trying to get back in the upward range from the bearish
onslaught during the start of the week and has been oscillating between $0.266
Ripple Price Prediction
XRP price managed to be in the upper range during the start
of the week though the strong bear undercurrent got to it during the week. The coin
started below the baseline at $0.2779 on February 18. There was a sudden swing of
upward price movements for Ripple coin, and the price reached a high of $0.3055
on February 19, the rise is at a massive 19%. The bullish pressure got too
strong to handle, and the XRP coin price slid to the extent of 12.65% on the
next day at $0.2667. With the price being still below the baseline, the coin
managed recovery and touched $0.2783 on February 21.
The crypto market volatility continued, and the price of Ripple
once again went down to $0.2725, showing a downward variation to the tune of 2.09%.
Even under this strong bearish sentiment, XRP managed to push its price in the
upper range, though still being below the baseline on February 23 at $0.2836, the
upward swing being at 4.08%. Today, the price has once again slid down slightly
had a good history and has managed to be quite the frontrunner in the upward
price momentum in the market. The past one week has also seen the currency continually
gearing itself to meet the strong bear pressure, and this is seen as a positive
indicator by analysts who have confidence on the coin to get back to its
winning ways in the short run. Investors should now think of only
holding from a long-term perspective as the crypto market is very speculative
by nature and tends to benefit mostly long-term investors.
Meta Data: In spite of the positive growth, the short term trend in Ontology is
still bearish. As of now, the coin has shown some recovery from the red zone.
recently invested in Vid Inc., a social video platform which will be launched publicly
later this year. As a strategic partner of the blockchain, Vid will use Ontology’s
technology to power transactions on the app. Further, ONT will assist the
social platform in promotional and marketing campaigns.
On September 16, at UTC 05:27, Ontology (ONT) vs USD is
trading around $0.773852.
Against Bitcoin, the crypto was valued around 0.00007502 BTC
Additionally, the market capitalisation of the cryptocurrency
is around 414,111,813 USD.
At the same time, the 24-hour trading volume in the altcoin is
With an ROI of -70.39%, the number of Ontology chips
circulating in the market, at the above-mentioned time, was 533,351,967 ONT.
August 21, Ontology was trading around 0.763362 USD. Since then, in a period of
25-days, the coin has shown a decline of 1.37%. However, in the weekly trading
duration, it marked a decline of 3.02%, from the level of 0.797339 USD on September
10, 2019. In stark contrast, yesterday’s trading numbers were quite bullish. The
other day it opened at 0.758525 USD and with a marginal hike of 0.14%, wrapped
the day at 0.759614 USD.
has shown a huge amount of hike in the last couple of days. If the current
movement continues, the ONT will soon be in the green zone. The immediate
resistance in ONT is at 0.7699 USD and the support level is at 0.7504 USD.
current level of ONT presents an optimum opportunity for buying. As per the
anticipations, the coin will surge in the near future.
Having a month-to-date comparison, the given 30-day NEO price chart
exhibits a bullish momentum in the former half of the given period. Later,
there were several sharp falls in the mid-week of August; despite that NEO
managed to reach as high as $10.18 on August 24, 2019. However, NEO price was
unable to sustain its efficiency at this level and gradually started to
decline. With two sharp falls, the price fell to the lowest level, trading at
$8.58 on August 29, 2019. Since the beginning of this month, NEO seems to have
gathered back its momentum and has started to show signs of upward motion. The
coin is expected to be traded in the range of $9.09 and $9.24, today.
NEO price analysis:
NEO manifests a 9% bearish
run as on the date when compared with the trading price of $10.18 as on August
However, we anticipate that
as per the present trend, NEO may rise upwards and reach close to $9.25 by
As per the current trend and
market statistics, it is advisable to sell the existing NEO coins in hand. The
Chaikin Money Flow indicator also points out that the present movement for NEO
is a downward one. Considering NEO’s track record and its potential, we believe
that the current scenario should change soon. If being traded from a long-term
perspective, it can attain newer price marks in the years to come.